Summary: Tacoma, Washington; General Obligation

S&P Global Ratings assigned its 'AA' long-term rating to the City of Tacoma, Wash.'s estimated $3.8 million series 2021 unlimited-tax general obligation (UTGO) refunding bonds, estimated $4.6 million series 2021A limited-tax general obligation (LTGO) refunding bonds, estimated $4.4 million series 2021B LTGO (Recovery Zone Facility) refunding bonds, and estimated $4.5 million series 2021C taxable LTGO refunding bonds. At the same time, S&P Global Ratings affirmed its 'AA' long-term rating on the city's GO bonds outstanding. The outlook is stable. The city's full faith and credit pledge to levy taxes on property, subject to statutory limits on rates and growth, secures the LTGO bonds. We consider this a general operating pledge and, in accordance with our "Issue Credit Ratings Linked To

...S&P Global Ratings assigned its '##' long-term rating to the City of Tacoma, Wash.'s estimated $3.8 million series 2021 unlimited-tax general obligation (UTGO) refunding bonds, estimated $4.6 million series 2021A limited-tax general obligation (LTGO) refunding bonds, estimated $4.4 million series 2021B LTGO (Recovery Zone Facility) refunding bonds, and estimated $4.5 million series 2021C taxable LTGO refunding bonds. At the same time, S&P Global Ratings affirmed its '##' long-term rating on the city's GO bonds outstanding. The outlook is stable. The city's full faith and credit pledge to levy taxes on property, subject to statutory limits on rates and growth, secures the LTGO bonds. We consider this a general operating pledge and, in accordance with our "Issue Credit Ratings Linked To U.S. Public Finance Obligors" criteria, published Nov. 20, 2019, on RatingsDirect, we generally rate these obligations on par with the obligor's general creditworthiness. The UTGO bonds are not subject to...

Summary